INDIAN EQUITY MARKET OUTLOOK - 27 APR 2016

INDIAN BENCHMARKS Markets likely to open up ahead of F&O expiry

The key domestic equity benchmarks are likely to witness a mild gap up opening on Wednesday ahead of the expiry of the April derivative contracts tomorrow and the outcome of the US Federal Reserve’s two-day policy meet. SGX Nifty is trading 4.50 points higher.

Traders will also eye key earnings numbers from blue chip stocks which may provide further cues over corporate health in Asia’s third biggest economy. Bharti Airtel, JSW Energy and Yes Bank will be in focus today as they unveil their financial report card for the fourth quarter ended March 31, 2016

Indian markets rose on Tuesday, in their first gain in three sessions, as earnings lifted a few firms such as Maruti Suzuki while the sentiment was also supported by gains in European shares and a mild recovery in crude prices. The S&P BSE Sensex and CNX Nifty rose 1.28%-1.37% each.

Global Markets:

Asian markets were mixed as traders awaited the Fed and Bank of Japan policy decisions. While the Fed is unlikely to raise interest rates today, traders will be closely scrutinizing the FOMC statement to look for any potential shifts in its guidance for a further hike in borrowing costs

US stocks closed mixed with energy leading ahead of the US Federal Reserve’s crucial meeting.

Europe, stocks closed lower due to disappointing earnings ahead of the important central bank meeting scheduled for later this week.

Major Headlines of the day:

Biocon's Q4 net profit jumps 250% to Rs361 cr on exceptional income.

Bharti Infratel net profit up 19% in March quarter; board approves share buyback.

Patanjali aims to beat Nestle, P&G & Colgate.

Trend in FII flows:   The FIIs were net  sellers of  Rs 512.22 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 21.21 Cr, as per the provisional figures.

Get real time advice for Intraday Trading Tips , Share Market Live  , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips ,  and all Maket Updates .